BE 170 Identify the impact on the accounting equation of each of the following transactions. 1.Purchase office supplies on account. 2.Paid secretary weekly salary. 3.Purchased office furniture...

BE 170

Identify the impact on the accounting equation of each of the following transactions.

1.Purchase office supplies on account.

2.Paid secretary weekly salary.

3.Purchased office furniture for cash.

4.Received monthly utility bill to be paid at later time.

BE 171

Balance sheet amounts as of December 31, 2011 for Lori’s Learning Service are listed below. Prepare a balance sheet in good form.

Accounts Payable$ 200

Accounts Receivable1,000

Cash800

Common Stock?